Oil settles up on large US crude stocks draw

Quick Summary:

Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from US crude inventories last week.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: GeopoliticalRisks MiddleEastTensions GlobalOilTrade CrudeGains EnergyMarket ChinaDemand Commodities OilPrices /Business/ USInventories

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-28 @ 06:19:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 165 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24703702

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 42 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 12 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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